Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY currency pair has begun to move upward as it targets level 158.42. The Yen is rising, reaching a high of 155.18.The currency pair’s price indicator is rising even more. A retraced candle body on the uptrend of […]
Market Analysis – June 16 US Oil market participants seem to be awaiting the price’s reaction at the bearish order block. The bearish order block happened to be created on May 2, 2023, at the 62.0% Fibonacci retracement level at the premium zone. US Oil Significant Levels Demand Levels: 63.60, 57.30, 48.50Support Levels: 83.50, 93.70, […]
The Bank of Japan (BOJ) announced today its decision to maintain ultra-loose policy settings, including the closely watched yield curve control (YCC) policy. The move comes as the central bank aims to support the nascent economic recovery and work towards achieving its inflation goal in a sustainable manner. Consequently, the Japanese yen experienced a slight […]
Market Analysis – June 8 The bullish momentum of USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has weakened, with buyers showing reluctance in surpassing the resistance level of 142.00. Currently, the price is confined within the range of the support level at 138.9 […]
Market Analysis – June 14 USDCAD remains within a ranging market as major zones hold. The market has been ranging within the major levels of 1.32260 and 1.39780 since September 2022. Price keeps hitting the upper and lower bands of the BB (Bollinger Bands). The ranging market is a result of the tug-of-war between the […]
The euro has experienced a surge in value following the European Central Bank’s (ECB) decision to raise interest rates by 25 basis points, in line with market expectations. This upward momentum in the euro’s strength is attributed to the ECB’s revised projections for inflation, despite a downward adjustment in economic growth estimates. The central bank’s […]
Market Analysis-June 15 Gold launched from the demand zone of 1978.0 to create its last swing high at 2070.0. The retracement to the demand level turned out to be a change in market direction as the support level failed to hold. Gold Key Levels Support Zones: 1890.0, 1804.0, 1693.0Resistance Zones: 1978.0, 2043.0, 2070.0 Gold Long-Term […]
Market Analysis – June 14 The FTSE 100 index is showing signs of an imminent breakout as it approaches a narrow range of swing highs and lows on the daily chart. Currently hovering around the 7612.0 range, the market is in an accumulation phase, setting the stage for a significant shift in price. FTSE 100 […]
Market Analysis – June 14 EURCHF has witnessed a significant surge in price, surpassing the bearish wedge displayed on the daily chart. This sudden upward movement indicates the commencement of an uptrend. EURCHF Key Levels Support zones: 0.9700, 0.9600, 0.9500 Resistance zones: 0.9800, 0.9850, 0.9900 EURCHF Long-term Trend: Bullish After experiencing multiple rejections at the […]
